Unique insights into shadow banking and opaque markets.

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Data compilation for investors, service providers, and regulators.

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Market expertise in risks, procedures, and governance.

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Policy trends in global capital markets.

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Bringing Clarity to Evolving Markets

Prudential and regulatory changes have introduced new levels of complexity into global markets, the effects of which will play out over decades.  Keen foresight, astute observation, and a thorough understanding of the past and present of financial markets are vital to addressing the potential perils and profits ahead.

The Center for the Study of Financial Market Evolution (CSFME) is an independent, nonprofit organization whose mission is to improve transparency, reduce risks, support research, and promote sound regulation of financial markets. It does so by conducting data-driven analysis, providing investor education and outreach, and supporting regulatory reviews in otherwise opaque markets. It serves individual and institutional investors, banks, brokers, other financial market participants, academic institutions, and government regulatory agencies.
More about our mission


ROSE Program

Regulatory Outreach for Student Education (ROSE) Program. CSFME partners directly with universities and colleges to help students better appreciate the subtleties of the ongoing debate among professionals in the U.S. financial industry and policy makers at the federal regulatory agencies.  CSFME's ROSE Program provides top economics and finance undergraduates with opportunities to  meet with representatives from industry trade groups and federal agencies in Washington. Learn more about ROSE.

Understanding the Effects of Macroprudential Initiatives

Ensuring a healthy and stable global financial system requires more than prudential oversight and remedial regulation. It requires a full understanding of modern banking activities and their associated risks and benefits. CSFME provides much needed perspective, research, and data-driven analysis to regulators and global standards setters like the BIS, FSB, Fed, FDIC and others to help them craft and refine their oversight and regulatory efforts.

Through comment letters, research reports, testimony, and the collection and analysis of real-world banking and transaction data, the Center is able to assist regulators to understand the markets and actors whom they regulate, and provide financial institutions with the tools they need to assess the economic effects of changing standards.  


Global Banks in Test of US$11 Trillion Shared Ledger at DTCC

Regulators and Credit Derivatives industry prep for 2019 Go-live

Announced on November 6, 2018, the addition of Barclays brings to 15 the number of dealers in the main blockchain project of The Depository Trust...
Author: Ed Blount

Distributed Ledger Tech Can Process U.S. Stock Volumes, says DTCC

Accenture cloud model scales to 100 million trades daily in study prototype

On October 16, 2018, the Depository Trust & Clearing Corporation (DTCC) reported that “distributed ledger technology (DLT) is capable of...
Author: Ed Blount